Home Knightsbridge Insights WallStreetBets Turned its Attention to AMC (NYSE:AMC) Spiking it 300%+ Wednesday

WallStreetBets Turned its Attention to AMC (NYSE:AMC) Spiking it 300%+ Wednesday

by Paul Ebeling

#meme #stocks #volume #WSB #Reddit


WallStreetBets subreddit, said last wk that enforcement of the forum’s rules and Reddit’s content policy became increasingly difficult and went ‘private‘ for a bit Wednesday with the statement “WSB will be back“.

We have grown to the kind of size we only dreamed of in the time it takes to get a bad nights sleep,” they said. “We’ve got so many comments and submissions that we can’t possibly even read them all, let alone act on them as moderators.”

While it was private, a subreddit called WallStreetBetsnew gained more than 100,000 followers in around 30 mins Wednesday evening. That subreddit was established in March last year. On it, users urged their peers not to panic. Others encouraged buying even more stocks in revenge for the outage.

The subreddit retail investor action exploded early last wk when there came to be lots of touting of GameStop’s stock by several of its members sent the video game retailer’s shares soaring more than 400% this week. The actions looks to have helped fuel a short squeeze in GameStop (NYSE:GME) stock, where investors who had used options to bet against the stock needed to cover those bets by buying shares.

Then WallStreetBets turned its attention to movie exhibitor AMC (NYSE:AMC) rising more than 300% Wednesday.

Have a prosperous week, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.